What is Proof-of-Stake?

What is Proof-of-Stake?

Proof of Stake describes a process with which a blockchain network reaches a consensus on which participant is allowed to generate the next block. A weighted random selection is used, the weights of the individual participants being determined from the duration of participation and the amount of stake. In contrast to the Proof of Work used by Bitcoin and other networks, Proof of Stake manages without time-consuming and energy-intensive mining and it is not possible to take over the network by owning computing power alone.

Proof-of-Stake is the basis consensus model and often empowered by masternodes

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